MARKET TALK: China Plays Dominate HK Trading; HSI +0.2%

6th Jul 2010 04:44

0344 GMT [Dow Jones] Fact top 3 most heavily traded HK shares so far today being A50 China Tracker (2823.HK), PICC (2328.HK), China Life (2628.HK) suggests HK market's near-term direction largely hinges on A-shares, as A50 tracks A-shares, while 2 China insurers' investment income hinges on A-shares performance (Ping An (2318.HK) suspended from trading since June 30). Another evidence of China plays' dominance in HK is 18 of top 20 most heavily traded HK stocks being China plays, with HSBC (0005.HK), SHK Properties (0016.HK) exceptions. HSI reverses losses, last +0.2% at 19,877.82, snapping 4-day losing streak, taking cue for A-shares' strong rebound with Shanghai Composite +1.8% midday. ([email protected]) Contact us in Singapore. 65 64154 140; [email protected] (END) Dow Jones Newswires July 05, 2010 23:44 ET (03:44 GMT)